Forward Management LLC decreased its stake in SL Green Realty Corporation (NYSE:SLG) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 27,327 shares of the real estate investment trust’s stock after selling 119 shares during the period. Forward Management LLC’s holdings in SL Green Realty Corporation were worth $2,891,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Thrivent Financial For Lutherans raised its stake in shares of SL Green Realty Corporation by 0.9% in the first quarter. Thrivent Financial For Lutherans now owns 52,525 shares of the real estate investment trust’s stock valued at $5,600,000 after buying an additional 490 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of SL Green Realty Corporation by 212.6% in the first quarter. Prudential Financial Inc. now owns 726,323 shares of the real estate investment trust’s stock valued at $77,440,000 after buying an additional 493,972 shares during the last quarter. Morgan Stanley raised its stake in shares of SL Green Realty Corporation by 45.6% in the first quarter. Morgan Stanley now owns 582,759 shares of the real estate investment trust’s stock valued at $62,133,000 after buying an additional 182,647 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of SL Green Realty Corporation during the second quarter valued at approximately $244,000. Finally, State of Alaska Department of Revenue raised its stake in shares of SL Green Realty Corporation by 11.3% in the first quarter. State of Alaska Department of Revenue now owns 51,927 shares of the real estate investment trust’s stock valued at $5,535,000 after buying an additional 5,257 shares during the last quarter.

SL Green Realty Corporation (NYSE SLG) opened at 101.70 on Thursday. The company has a 50-day moving average of $103.61 and a 200 day moving average of $106.19. SL Green Realty Corporation has a 52 week low of $93.90 and a 52 week high of $120.63. The firm has a market cap of $10.00 billion, a P/E ratio of 104.52 and a beta of 1.18.

SL Green Realty Corporation (NYSE:SLG) last announced its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $1.54. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The firm had revenue of $279.41 million for the quarter, compared to the consensus estimate of $281.40 million. On average, equities analysts predict that SL Green Realty Corporation will post $1.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.775 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.05%. SL Green Realty Corporation’s dividend payout ratio (DPR) is 319.59%.

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Several equities research analysts have commented on SLG shares. Citigroup Inc. decreased their target price on shares of SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 26th. ValuEngine lowered shares of SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Barclays PLC decreased their target price on shares of SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) started coverage on shares of SL Green Realty Corporation in a research report on Thursday, June 22nd. They set a “buy” rating and a $121.00 target price on the stock. Finally, UBS AG upgraded shares of SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $117.62.

In related news, Director John H. Alschuler, Jr. sold 6,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $106.74, for a total value of $640,440.00. Following the completion of the transaction, the director now owns 7,196 shares in the company, valued at approximately $768,101.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.09% of the company’s stock.

About SL Green Realty Corporation

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.

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Institutional Ownership by Quarter for SL Green Realty Corporation (NYSE:SLG)

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